The Pinnacle Letting Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05388569 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

The Pinnacle Letting Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms J C Wakeman

J Smith

SECRETARY:

Ms J C Wakeman

REGISTERED OFFICE:

26 North Street

Horsham

West Sussex

RH12 1RQ

REGISTERED NUMBER:

05388569 (England and Wales)

ACCOUNTANTS:

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

FIXED ASSETS

Tangible assets

2

1,977

2,326

CURRENT ASSETS

Debtors

121

-

Prepayments and accrued income

3,737

3,378

Cash in hand

32,475

29,987

36,333

33,365

CREDITORS

Amounts falling due within one year

87,519

84,383

NET CURRENT LIABILITIES

(51,186

)

(51,018

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,209

)

(48,692

)

CAPITAL AND RESERVES

Called up share capital

3

6

Profit and loss account

(49,215

)

(48,698

)

SHAREHOLDERS' FUNDS

(49,209

)

(48,692

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 October 2016 and were signed on its behalf by:

J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 4 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

25,046

Additions

899

At 31 March 2016

25,945

DEPRECIATION

At 1 April 2015

22,720

Charge for year

1,248

At 31 March 2016

23,968

NET BOOK VALUE

At 31 March 2016

1,977

At 31 March 2015

2,326

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6

Ordinary Shares

£1

6

4.	RELATED PARTY DISCLOSURES

The company was under the control of Mrs Wakeman, a director throughout the period. Mrs Wakeman holds

67% of the company's issued share capital. At 31st March 2016 Mrs Wakeman was owed £8,930 by the

company. The company owed T Ansermoz's estate £44,000.